17.09.2013 21:04:00

CD Rates Show No Deviations as Financial Institutions Pause for Federal Reserve Announcement Tomorrow

NEW YORK, Sept. 17, 2013 /PRNewswire/ -- RateWatch, a premier banking data and analytics service owned by TheStreet, Inc. (NASDAQ: TST) reported today that national averages for CD rates remain unchanged at record-low levels.

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"CD rates showed no deviations this week as financial institutions paused for potentially one of the Federal Reserve's most important meetings of 2013," reported Joe Deaux, TheStreet's Economics Analyst. "Savers this week should keep watch for any change in the central bank's economic stimulus program, as a decision to scale back monthly asset purchases could signal the start of moves by the Fed that eventually would affect interest rates. For now, though, investors should not anticipate any change in the federal funds rate for the near term."

NATIONAL AVERAGE RESULTS - $10K


This
week

Last
week

Money Market

0.11

0.11

1 month CD

0.06

0.06

3 month CD

0.09

0.09

6 month CD

0.14

0.14

1 year CD

0.23

0.23

2 year CD

0.37

0.37

3 year CD

0.50

0.50

4 year CD

0.63

0.63

5 year CD

0.81

0.81

TOP RATE ISSUERS - $10K
This is a list of issuers with top interest rates. The issuer's Financial Strength Rating isan independent, unbiased evaluation of quarterly regulatory statements. Institutions are assigned a letter grade of A-E with "A" representing the highest rating based on a review of many aspects of financial safety including capitalization, asset quality, profitability and liquidity. For more information, visitwww.weissratings.com/help/what-our-ratings-mean.aspx.  Information is believed to be accurate, but not guaranteed.

 

Money Market

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

First NBC Bank

B-

10000

1.260

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

5000

0.950

212-584-6820

www.doralbankny.com

Sallie Mae Bank

A-

1

0.900

801-281-1423

www.salliemaebank.com

Salem Five Direct

B-

1

0.900

800-850-5000

www.salemfivedirect.com

Mercantil Commercebank, National Association

C

10000

0.900

305-460-8701

www.mercantilcb.com

1 Month CD

Financial
Strength

Rating

Minimum
to Earn
Interest
($)

APY
(%)

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Carter Bank & Trust

C+

2500

0.500

276-632-2901

www.carterbankandtrust.com

Beal Bank USA

B-

1000

0.400

702-598-3500

www.bealbank.com

Umbrellabank.com

C

1000

0.400

866-862-7355

www.umbrellabank.com

Beal Bank, SSB

C

1000

0.400

619-894-8066

www.bealbank.com

3 Month CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Beal Bank USA

B-

1000

0.510

702-598-3500

www.bealbank.com

Umbrellabank.com

C

1000

0.510

866-862-7355

www.umbrellabank.com

Institution for Savings In Newburyport

B

1

0.500

978-462-3106

www.institutionforsavings.com

Doral Bank

D-

500

0.500

850-914-2525

www.doralbankflorida.com

6 Month CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Doral Bank

D-

500

1.000

212-584-6820

www.doralbankny.com

Pacific Trust Bank, FSB

C+

1

0.800

877-441-2265

www.pacifictrustbank.com

Beal Bank USA

B-

1000

0.750

702-598-3500

www.bealbank.com

Discover Bank

C+

2500

0.650

888-765-6654

www.discoverbank.com

VirtualBank

B-

10000

0.650

561-776-8860

www.virtualbank.com

1 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Doral Bank

D-

500

1.200

212-584-6820

www.doralbankny.com

Beal Bank USA

B-

1000

1.110

786-347-3601

www.bealbank.com

Nationwide Bank

B+

10000

1.010

614-249-6226

www.nationwide.com

Ally Bank

B+

1

0.940

877-247-2559

www.ally.com

CIT Bank

B+

1000

0.900

801-412-6800

www.bankoncit.com

2 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Doral Bank

D-

500

1.450

212-584-6820

www.doralbankny.com

Salem Five Direct

B-

10000

1.250

800-850-5000

www.salemfivedirect.com

Flushing Commercial Bank

C+

5000

1.200

718-512-2929

www.flushingbank.com

Emigrant Bank

C+

1000

1.150

212-850-4521

www.emigrant.com

Nationwide Bank

B+

10000

1.150

614-249-6226

www.nationwide.com

3 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

First NBC Bank

B-

10000

1.820

504-671-3550

www.firstnbcbank.com

Doral Bank

D-

500

1.600

212-584-6820

www.doralbankny.com

Salem Five Direct

B-

10000

1.500

800-850-5000

www.salemfivedirect.com

Intervest National Bank

C

2500

1.450

212-218-8383

www.intervestnatbank.com

Community Bank

C+

1000

1.400

800-239-9427

www.dodcommunitybank.com

4 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

Institution for Savings In Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

HarborOne Bank

U

1

2.000

508-895-1000

www.harborone.com

Doral Bank

D-

500

1.650

212-584-6820

www.doralbankny.com

Emigrant Bank

C+

1000

1.650

212-850-4521

www.emigrant.com

Intervest National Bank

C

2500

1.650

212-218-8383

www.intervestnatbank.com

5 Year CD

Financial
Strength
Rating

Minimum
to Earn
Interest
($)

APY
(%)

iGObanking.com

C+

1000

2.050

888-432-5890

www.igobanking.com

Charles Schwab

U

1000

2.050

800-435-4000

www.schwabbank.com

ESSA Bank & Trust

C

1000

2.040

570-421-0531

www.essabank.com

EverBank

C

1500

2.010

888-882-3837

www.everbank.com

Institution for Savings In Newburyport

B

1

2.000

978-462-3106

www.institutionforsavings.com

Financial Strength Rating: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak, U=Unrated  
                                                Plus sign "+" = top of range, Minus sign "-" = bottom of range

Data is surveyed weekly with averages calculated each Monday afternoon from RateWatch's unbiased national interest rate survey of over 96,000 financial institution locations across the United States.

About RateWatch
For over 20 years, RateWatch has been the premier provider of competitive interest rate and product information to financial institutions across the United States.  Consistently providing top quality, highly relevant data RateWatch maintains the largest database in the industry with deposit, loan, and fee information monitoring over 96,000 locations. Rate surveys, product comparisons, financial strength reporting, local/regional/national averages, fee reporting, specialty reports and more are available.  To learn more about RateWatch, visit www.rate-watch.com.  RateWatch is a division of TheStreet, Inc.

About TheStreet
TheStreet, Inc. (www.t.st) is the leading independent digital financial media company providing business and financial news, investing ideas and analysis to personal and institutional investors worldwide.  The Company's portfolio of business and personal finance brands includes: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, MainStreet and RateWatch. To learn more, visit www.thestreet.com.  The Deal, the Company's institutional business, provides intraday coverage of mergers and acquisitions and all other changes in corporate control.  To learn more, visit www.thedeal.com.

Contact:
Emily Schneider
TheStreet, Inc.
212-321-5521
emily.schneider@thestreet.com

Joe Deaux
TheStreet, Inc.
212-321-5086
joseph.deaux@thestreet.com

 

 

SOURCE TheStreet, Inc.

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